Press release
Zevra Therapeutics Reports Fourth Quarter and Fiscal Year 2022 Financial Results and Corporate Updates
Conference Call and Live Audio Webcast with Slide Presentation Scheduled for Today, March 7, 2023, 8:30 a.m. ET Newly rebranded Zevra Therapeutics well
About this update from Zevra Therapeutics, Inc.
[{"type":"text","content":"Conference Call and Live Audio Webcast with Slide Presentation Scheduled for Today, March 7, 2023, 8:30 a.m. ET Newly rebranded Zevra Therapeutics well positioned to become a commercially focused rare disease company Arimoclomol NDA resubmission on track to be filed as early as Q3 2023 KP1077 Phase 2 Trial on track to deliver preliminary data as early as Q3 2023 and top-line data as early as year-end 2023 AZSTARYS® royalty revenue growing with one or more revenue milestones expected to be achieved in 2023 Strong balance sheet with cash, cash equivalents and investments of $102.9 million which extends the cash runway into 2026 CELEBRATION, Fla., March 07, 2023 (GLOBE NEWSWIRE) -- Zevra Therapeutics, Inc. (NasdaqGS: ZVRA) (“Zevra,” or “the Company,” formerly “KemPharm, Inc.”), a rare disease therapeutics company, today reported its financial results for the fourth quarter and year ended December 31, 2022. “Zevra is a company transformed, with a new strategic purpose to deliver novel therapeutics to patients with rare diseases,” said Richard W. Pascoe, Chief Executive Officer of Zevra Therapeutics. “The Company is guided by a world-class leadership team and board of directors, and we are in a strong position to execute on multiple anticipated milestones during 2023 that should provide a springboard for continued value creation. The Company’s future is more promising than at any time in our history as we are primed to advance arimoclomol, our NDA-stage investigational product candidate for Niemann-Pick disease Type C (“NPC”), and KP1077, our lead clinical candidate for treatment for idiopathic hypersomnia (IH), towards key regulatory and data events during the year. As we move Zevra forward, we will continue to leverage our legacy platform to target internally discovered rare disease product opportunities and to extend exclusivity of our pipeline assets through life cycle management.” Mr. Pascoe continued, “We believe the numerous clinical, regulatory and revenue milestone opportunities anticipated for 2023 and beyond will position Zevra for continued growth as we focus on bringing much-needed therapies to patients with rare diseases. Our strategic and pipeline development efforts are supported by a strong financial foundation with $102.9 million in cash, cash equivalents, and investments as of December 31, 2022, and with a growing ...